If you’ve already signed up for Upromise or whether you haven’t tried it out yet, there are 10 $10,000 scholarships being offered this summer and there is no reason to miss out!

What Upromise does is work with retailers and producers to get some cash back deals on certain purchases. You might recognize some of these little UP logos in the grocery store or at the gas station, because there are participating products all over the place. When you make a purchase on any regular credit or debit card that has been activated with the Upromise service, they’ll find you that extra little discount and put the cash in to an account that can be paid out for any kind of educational expenses (even student loans!)

So not only are they giving away $100,000 in scholarships during the summer of 2010, they’ll also give you cash back on your regular purchases throughout the rest of the year – and there is never a fee to join.

If you’d like to learn more about how Upromise can help you save money for college costs, be sure to check out this older post that goes into a bit more detail about the benefits of joining this completely free program. They’ve been around for a while, helping students and parents pay for school expenses, and after a short signup & explanation they can be helping you too! Who knows, you might even win a nice $10,000 chunk with the scholarship sweepstakes, so be sure to get started today!